BTIG views the weakness in shares of Fiserv (FI) after the company’s CEO Frank Bisignano announced he is accepting President-Elect Trump’s nomination as Commissioner of Social Security Administration as a buying opportunity. The firm continues to see Fiserv as a “high-quality asset that is worthy of a long position.” Fiserv is a $150B company with segment leaders that are “equally responsible for the company’s success,” the analyst tells investors in a research note. BTIG says that while Bisignano’s pending departure will create some near-term volatility, Fiserv “remains a high quality and long-term Buy.” It keeps a Buy rating on the shares with a $235 price target
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